Robert Will - 17 Mar 2023 Form 4 Insider Report for JOANN Inc.

Role: EVP, Chief Merchandising
Signature: /s/ Ann Aber, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 17 Mar 2023
Net transactions value: -$2,635
Form type: 4
Filing time: 21 Mar 2023, 17:57:19 UTC
Previous filing: 28 Feb 2023
Next filing: 28 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JOAN	Common Stock	Options Exercise	$0	+3,298	+3%	$0.000000	114,646	17 Mar 2023	Direct
transaction	JOAN	Common Stock	Sale	$2,635	-1,279	-1.1%	$2.06	113,367	21 Mar 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JOAN	Restricted Stock Unit	Options Exercise	$0	-3,298	-50%	$0.000000	3,299	17 Mar 2023	Common Stock	3,298		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plan instructions adopted by the Reporting Person in the award agreement for the restricted stock units grant.
F2	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F3	The restricted stock units, originally granted with respect to 9,895 shares, vests and becomes exercisable in three equal annual installments beginning on March 17, 2022.